Virtus Stone Harbor Emerging Markets High Yield Bond ETF

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Exchange-Traded Fund Fixed Income Emerging Markets Debt

Virtus Stone Harbor Emerging Markets High Yield Bond ETF

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Ticker
VEMY
CUSIP
92790A801
Inception
12/12/2022
Closing Price
$
(as of 05/16/2024)
30-Day Median Bid/Ask Spread
0.37% (as of 05/16/2024)
Premium/Discount
$-0.19 (as of 05/16/2024)
4PM Bid/Offer Midpoint
$26.76 (as of 05/16/2024)
Shares Outstanding
350,004 (as of 05/16/2024)
Daily Trading Volume
0.00 (as of 05/16/2024)
20 Day Average Trading Volume
0.00 (as of 05/16/2024)
Net Assets
$9,434,030 (as of 05/16/2024)

Portfolio Overview

Investment Overview

The Fund seeks current income and, secondarily, capital appreciation, actively allocating opportunistically across a diversified portfolio of emerging market high yield debt securities, both sovereign and corporate.

Management Team

Investment Partner

Stone Harbor Investment Partners

Stone Harbor is a global credit specialist with expertise in emerging and developed markets debt, with three decades of informed experience allocating risk in complex areas of the fixed income markets. We manage credit portfolios for clients globally.

Stone Harbor Investment Partners is a division of Virtus Fixed Income Advisers, LLC ("VFIA"), an SEC registered investment adviser.


Learn more about Stone Harbor Investment Partners

Investment Professionals

Jim Craige

James E. Craige, CFA

Co-Chief Investment Officer, Head of Emerging Markets

Industry start date: 1988
Start date as fund Portfolio Manager: 2022

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Richard Lange

Portfolio Manager, Emerging Markets Corporate Debt

Industry start date: 2002
Start date as fund Portfolio Manager: 2022

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Stuart Sclater-Booth

Stuart Sclater-Booth

Portfolio Manager, Emerging Markets Debt, Global Sovereign, and Asset Allocation

Industry start date: 1992
Start date as fund Portfolio Manager: 2022

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Darin Batchman

Darin Batchman

Portfolio Manager, Emerging Markets Corporate Debt

Industry start date: 1997
Start date as fund Portfolio Manager: 2022

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Key Features

Alternative Liquid Income

Offers exposure to the higher growth and diversified economic cycles Emerging Markets provide while focusing on the highest yielding sovereign and corporate debt sectors denominated in US dollars.

Rigorous Fundamental Research and Active Risk Management

Intensive fundamental credit research within a top-down country macro analysis framework, along with a proprietary risk analytics platform that enables continuous monitoring of real-time portfolio risk in reaction to changing market conditions, underpins Stone Harbor's investment process.

Depth of Experience in EMD

Stone Harbor's demonstrated ability in managing emerging markets debt is rooted in teamwork with a 30-year history, a disciplined research and investment process, and the experience to make sound investment decisions.

Portfolio

Top Holdings (% Fund)

(as of 05/17/2024)
Security
REPUBLIC OF ECUADOR 6.000 07/31/2030
3.29
 3.29
REPUBLIC OF TURKIYE 5.950 01/15/2031
3.29
 3.29
PETROLEOS MEXICANOS 6.950 01/28/2060
2.19
 2.19
REPUBLIC OF NIGERIA 6.125 09/28/2028
2.18
 2.18
ISLAMIC REP OF PAKISTAN 6.000 04/08/2026
2.01
 2.01
ARAB REPUBLIC OF EGYPT 3.875 02/16/2026
2.00
 2.00
REPUBLIC OF ARGENTINA 0.750 07/09/2030
1.92
 1.92
MELCO RESORTS FINANCE 5.375 12/04/2029
1.91
 1.91
MINERVA LUXEMBOURG SA 4.375 03/18/2031
1.78
 1.78
REPUBLIC OF ANGOLA 8.750 04/14/2032
1.70
 1.70

Performance

Performance

As of
As of

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.

The Index shown represents the Fund's performance index, which may differ from the Fund's regulatory index included in the Fund's Prospectus.

Fees & Expenses

Total Expense Ratio 0.58
The Total Expense Ratio represents the Fund's Total Annual Fund Operating Expenses, which includes the management fee and other expenses where applicable, except for certain payments that are paid directly by the Fund, as described in the Prospectus.

Yields / Distribution Rate1

(as of 04/30/2024)
30-day SEC Yield 7.51
Distribution Rate (as of 05/16/2024) 7.75

Distribution History2

Ex-Date Record Date Payable Date Dividend Income ST Capital Gains LT Capital Gains Distribution Total
05/22/2023 05/23/2023 05/31/2023 0.224970 0.000000 0.000000 0.224970
06/20/2023 06/21/2023 06/28/2023 0.210000 0.000000 0.000000 0.210000
07/20/2023 07/21/2023 07/28/2023 0.206750 0.000000 0.000000 0.206750
08/21/2023 08/22/2023 08/29/2023 0.194000 0.000000 0.000000 0.194000
09/20/2023 09/21/2023 09/28/2023 0.185000 0.000000 0.000000 0.185000
10/20/2023 10/23/2023 10/30/2023 0.185000 0.000000 0.000000 0.185000
11/20/2023 11/21/2023 11/29/2023 0.150000 0.000000 0.000000 0.150000
12/20/2023 12/21/2023 12/29/2023 0.231010 0.000000 0.000000 0.231010
01/22/2024 01/23/2024 01/30/2024 0.175000 0.000000 0.000000 0.175000
02/21/2024 02/22/2024 02/29/2024 0.125000 0.000000 0.000000 0.125000
03/20/2024 03/21/2024 03/26/2024 0.125000 0.000000 0.000000 0.125000
04/22/2024 04/23/2024 04/29/2024 0.174110 0.000000 0.000000 0.174110


Period Number of Days Fund has Traded at a:
Discount Premium
Less than -2% -1.51% to -2.00% -1.01% to -1.50% -0.51% to -1.00% -0.01% to -0.50% 0.00% to 0.50% 0.51% to 1.00% 1.01% to 1.50% 1.51% to 2.00% Greater than 2%
2022-Q4: 12/12/2022 through 12/30/2022 0 0 0 0 1 12 1 0 0 0
2023-Q1: 1/3/2023 through 3/31/2023 0 0 1 2 13 32 12 2 0 0
2023-Q2: 4/3/2023 through 6/30/2023 0 0 0 0 14 40 8 0 0 0
2023-Q3: 7/3/2023 through 9/29/2023 0 0 0 0 13 42 8 0 0 0
2023-Q4: 10/2/2023 through 12/29/2023 0 0 0 1 10 30 16 3 3 0
2024-Q1: 1/2/2024 through 3/28/2024 0 0 0 10 17 24 10 0 0 0

Risk Considerations

Exchange-Traded Funds (ETF): The value of an ETF may be more volatile than the underlying portfolio of securities it is designed to track. The costs to the portfolio of owning shares of an ETF may exceed the cost of investing directly in the underlying securities.
Emerging Markets Investing: Emerging markets securities may be more volatile, or more greatly affected by negative conditions, than those of their counterparts in more established foreign markets. Such securities may also be subject to Sanctions Risk.
High Yield Fixed Income Securities: There is a greater risk of issuer default, less liquidity, and increased price volatility related to high yield securities than investment grade securities.
Credit & Interest: Debt instruments are subject to various risks, including credit and interest rate risk. The issuer of a debt security may fail to make interest and/or principal payments. Values of debt instruments may rise or fall in response to changes in interest rates, and this risk may be enhanced with longer-term maturities.
Income: Income received from the portfolio may vary widely over the short- and long-term and/or be less than anticipated if the proceeds from maturing securities in the portfolio are reinvested in lower-yielding securities.
Foreign Investing: Investing in foreign securities subjects the portfolio to additional risks such as increased volatility; currency fluctuations; less liquidity; less publicly available information about the foreign investment; and political, regulatory, economic, and market risk.
Market Price/NAV: At the time of purchase and/or sale, an investor's shares may have a market price that is above or below the fund's NAV, which may increase the investor's risk of loss.
Currency Rate: Fluctuations in the exchange rates between the U.S. dollar and foreign currencies may negatively affect the value of the portfolio's shares.
Counterparty: There is risk that a party upon whom the portfolio relies to complete a transaction will default.
Non-Diversified: The portfolio is not diversified and may be more susceptible to factors negatively impacting its holdings to the extent the portfolio invests more of its assets in the securities of fewer issuers than would a diversified portfolio.
Liquidity: Certain instruments may be difficult or impossible to sell at a time and price beneficial to the portfolio, which could impact the ability to meet redemption requests upon demand.
Market Volatility: The value of the securities in the portfolio may go up or down in response to the prospects of individual companies and/or general economic conditions. Local, regional, or global events such as war or military conflict, terrorism, pandemic, or recession could impact the portfolio, including hampering the ability of the portfolio's manager(s) to invest its assets as intended.
Prospectus: For additional information on risks, please see the fund's prospectus.

Documents & Resources

Marketing Materials

Virtus Stone Harbor Emerging Markets High Yield Bond ETF Fact Sheet
Virtus ETF Ticker Menu
ETF Product Guide

Positions

Positions VEMY
Virtus Stone Harbor Emerging Markets High Yield Bond ETF Holdings Fiscal Q1
Virtus Stone Harbor Emerging Markets High Yield Bond ETF Holdings Fiscal Q3

Distributions

2024 Distribution Calendar - ETF

Financial Materials

Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) Prospectus
Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) SAI
Virtus ETF Trust II Annual Report | 2023
Virtus ETF Trust II Semi-Annual Report | 2024

Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. Contact us at 1-888-383-0553 or visit www.virtus.com for a copy of the Fund's prospectus. Read the prospectus carefully before you invest or send money.

The Fund is an actively managed exchange-traded fund (“ETF”) and does not seek to replicate the performance of a specified index. The Fund may have a higher portfolio turnover than funds that seek to replicate the performance of an index.

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate so your shares, when redeemed, may be worth more or less than their original cost.

Closing Price:
 The Closing Price is the price of the last reported trade on the fund's primary exchange. If there has been no reported trade for a particular date, the Closing Price represents the 4PM Bid/Offer Midpoint. 

4PM Bid/Offer Midpoint: The midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00pm Eastern Time).

Premium/Discount: The amount the Fund is trading above or below the reported NAV (based on 4PM Bid/Offer Midpoint).

The Fund is an exchange-traded fund (“ETF”). The “net asset value” (NAV) of the Fund is determined at the close of each business day, and represents the dollar value of one share of the Fund; it is calculated by taking the total assets of the Fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV of the Fund is not necessarily the same as its intraday trading value. Fund investors should not expect to buy or sell shares at NAV because shares of ETFs such as the Fund are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Thus, shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV, and include the reinvestment of all dividends and other distributions (reinvested at the Fund's NAV on distribution ex-date). Market price returns are calculated using the 4:00 pm midpoint between the bid and offer, and include the reinvestment of all dividends and other distributions (reinvested at the 4:00pm bid/offer midpoint on distribution ex-date). Market price returns do not represent the return you would receive if you traded at other times.

1 Yields/Distributions: 30-day SEC Yield is a standardized yield calculated according to a formula set by the SEC, and is subject to change. 30-day SEC Yield (unsubsidized) is the 30-day SEC Yield without the effect of applicable expense waivers. Distribution Rate is the annual rate that an investor would receive if the most recent distribution remained the same going forward. The rate represents a single distribution from the Fund and does not represent total return of the Fund. The distribution rate is calculated by annualizing the most recent distribution and dividing it by the most recent NAV.

2 Distribution History: Distributions are represented on a cash basis and may be reclassified at year end for tax purposes. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. STCG: Short Term Capital Gain, LTCG: Long Term Capital Gain

Returns for periods of less than one year are cumulative total returns.

Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.